IoT Gateway Market Size, Industry Trends, Share, Growth and Report 2024-2032
The latest report by IMARC Group, titled “ IoT Gateway Market Report by Component (Processor, Sensor, Memory and Storage Device, and Others), Connectivity Type (Bluetooth, Wi-Fi, ZigBee, Ethernet, Cellular, and Others), End User (Automotive and Transportation, Healthcare, Consumer Electronics, BFSI, Oil and Gas, Aerospace and Defense, and Others), and Region 2024-2032 “, The global IoT gateway market size reached US$ 1.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2032, exhibiting a growth rate (CAGR) of 11.8% during 2024-2032. Factors Affecting the Growth of the IoT Gateway Industry: Increasing Demand for Enhanced Security: As IoT devices proliferate, the need for robust security measures becomes paramount, driving the IoT gateway market. IoT gateways act as the critical link between IoT devices and the cloud, managing data traffic and ensuring secure data transmission. They are equipped with advanced security features such as encrypt